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Closing for Harris, Exelis deal pushed off

Apr. 14, 2015 7:54 AM ETL3Harris Technologies, Inc. (LHX) StockXLS, LHXBy: Yoel Minkoff, SA News Editor
  • The completion of Harris' (NYSE:HRS) acquisition of defense contractor Exelis (NYSE:XLS) has been moved back at least a month or longer, while the DoD conducts its own review of the $4.75B deal, CT Financial News reports.
  • Harris bought itself another 30 days to avoid a more comprehensive review by pulling, then refiling, its Hart-Scott-Rodino Antitrust Act application with the Department of Justice.
  • Previously: Harris to acquire Exelis for $4.75B (Feb. 06 2015)

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